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Identify and Describe Three Ways of Identifying Gaps or Business

question 81

Essay

Identify and describe three ways of identifying gaps or business opportunities in the marketplace.


Definitions:

Independent-Samples T-Test

A statistical test used to determine if there is a significant difference between the means of two groups which are independent of each other.

Dependent-Samples T-Test

A numeric examination technique for assessing whether the mean values of two correlated groups differ significantly.

Regression

A statistical method used to determine the relationship between two or more variables, where one or more independent variables are used to predict the outcome of a dependent variable.

Analysis of Variance

A statistical procedure used to compare the means of three or more samples to determine if at least one of the sample means is significantly different from the others.

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